MetLife Beats Back Too-Big-to-Fail Label
Friday, 04 01 2016, Category: Insurance and Reinsurance, Country: United States
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves.
A federal judge in Washington struck down the designation on Wednesday, rejecting the Financial Stability Oversight Council’s rationale for classifying the company as a systemically important financial institution. The reasons for the ruling were sealed by the judge.
Source: Carrier Management